{
 "ticker": "MCVT",
 "name": "Miller Convertible Total Return ETF",
 "issuer": "Miller Investment",
 "desk": "core",
 "url": "https://etfiq.com/funds/mcvt",
 "html": "https://etfiq.com/funds/mcvt",
 "markdown": "https://etfiq.com/funds/mcvt.md",
 "as_of": "2026-10-20",
 "verdict": "MCVT is actively managed and returned +7.5% since it first traded on Mar 25, 2026.",
 "lead": "MCVT returned +7.5% from Mar 25, 2026 to Oct 20, 2026, charges 0.85% a year and holds $14m in net assets on Jul 31, 2026.",
 "category": {
  "id": "bonds",
  "name": "Bonds",
  "label": "Bond ETFs",
  "url": "https://etfiq.com/bonds/",
  "group": {
   "id": "taxable-bonds",
   "name": "Taxable bonds"
  },
  "segment": {
   "id": "convertibles",
   "name": "Convertibles",
   "url": "https://etfiq.com/bonds/convertibles/"
  },
  "status": "classified",
  "as_of": "2026-10-21",
  "method": "https://etfiq.com/methodology/categories"
 },
 "key_facts": [
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch, Mar 25, 2026",
   "value": "+7.5%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-20",
   "sentence": "MCVT, total return, since launch, Mar 25, 2026: +7.5%, as of Oct 20, 2026.",
   "cite": {
    "value": "+7.5%",
    "as_of": "2026-10-20",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/mcvt#fact-total-return-since-launch",
    "text": "MCVT, total return, since launch, Mar 25, 2026: +7.5%, as of Oct 20, 2026."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "485BPOS XBRL, Jan 30, 2026",
   "as_of": "2026-01-30",
   "sentence": "MCVT, expense ratio: 0.85%, as of Jan 30, 2026.",
   "cite": {
    "value": "0.85%",
    "as_of": "2026-01-30",
    "source": "485BPOS XBRL, Jan 30, 2026",
    "url": "https://etfiq.com/funds/mcvt#fact-expense-ratio",
    "text": "MCVT, expense ratio: 0.85%, as of Jan 30, 2026."
   }
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "42",
   "source": "its SEC filing (Form N-PORT)",
   "as_of": "2026-07-31",
   "sentence": "MCVT, holdings: 42, as of Jul 31, 2026.",
   "cite": {
    "value": "42",
    "as_of": "2026-07-31",
    "source": "its SEC filing (Form N-PORT)",
    "url": "https://etfiq.com/funds/mcvt#fact-holdings",
    "text": "MCVT, holdings: 42, as of Jul 31, 2026."
   }
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22127.2%",
   "source": "ETFIQ",
   "as_of": "2026-10-20",
   "sentence": "MCVT, below its high: \u22127.2%, as of Oct 20, 2026.",
   "cite": {
    "value": "\u22127.2%",
    "as_of": "2026-10-20",
    "source": "ETFIQ",
    "url": "https://etfiq.com/funds/mcvt#fact-below-its-high",
    "text": "MCVT, below its high: \u22127.2%, as of Oct 20, 2026."
   }
  },
  {
   "key": "last_payment_ex_date_sep_15_2026",
   "label": "Last payment, ex-date Sep 15, 2026",
   "value": "$0.0236",
   "source": "Tiingo end-of-day distributions",
   "as_of": "2026-09-15",
   "sentence": "MCVT, last payment, ex-date Sep 15, 2026: $0.0236, as of Sep 15, 2026.",
   "cite": {
    "value": "$0.0236",
    "as_of": "2026-09-15",
    "source": "Tiingo end-of-day distributions",
    "url": "https://etfiq.com/funds/mcvt#fact-last-payment-ex-date-sep-15-2026",
    "text": "MCVT, last payment, ex-date Sep 15, 2026: $0.0236, as of Sep 15, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$14m",
   "source": "SEC filing, whole fund, as filed for Jul 31, 2026",
   "as_of": "2026-07-31",
   "sentence": "MCVT, net assets: $14m (SEC filing, whole fund, as filed for Jul 31, 2026).",
   "cite": {
    "value": "$14m",
    "as_of": "2026-07-31",
    "source": "SEC filing, whole fund, as filed for Jul 31, 2026",
    "url": "https://etfiq.com/funds/mcvt#fact-net-assets",
    "text": "MCVT, net assets: $14m (SEC filing, whole fund, as filed for Jul 31, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "what_it_tracks",
   "label": "What it tracks",
   "value": "No index, actively managed",
   "source": null
  },
  {
   "key": "fund_type",
   "label": "Fund type",
   "value": "Bond fund",
   "source": null
  },
  {
   "key": "category",
   "label": "Category",
   "value": "Bonds \u00b7 Convertibles",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "485BPOS XBRL, Jan 30, 2026"
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$26.86",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Mar 25, 2026",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$14m",
   "source": "SEC filing, whole fund, as filed for Jul 31, 2026"
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Its own holdings, as of Jul 31, 2026; its shareholder report compares it with the Bloomberg U.S. Aggregate Bond Index, but its daily returns fit AGG's at R-squared 0.283 over the year to Oct 20, 2026 (144 days), under the 0.35 it needs to return to it",
   "source": "ETFIQ, from its filings"
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22127.2%",
   "source": "ETFIQ"
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "42",
   "source": null
  },
  {
   "key": "top_ten_weight",
   "label": "Top ten weight",
   "value": "30.8%",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jul 31, 2026",
   "source": "SEC N-PORT"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u22121.8%"
  },
  {
   "window": "3 months",
   "Total return": "\u22124.6%"
  },
  {
   "window": "6 months",
   "Total return": "+1.7%"
  },
  {
   "window": "Since launch",
   "Total return": "+7.5%"
  }
 ],
 "questions": [
  {
   "q": "What does MCVT cost?",
   "a": "The prospectus expense ratio is 0.85% a year."
  },
  {
   "q": "How far is MCVT below its high?",
   "a": "7.2% below its high of Aug 13, 2026, measured on the reinvested series to Oct 20, 2026."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "52-week high, daily closes to Oct 20, 2026",
   "value": "$28.96 on Aug 13, 2026",
   "as_of": "2026-08-13",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 28.96,
   "window": {
    "from": "2026-03-25",
    "to": "2026-10-20"
   }
  },
  {
   "key": "low52",
   "label": "52-week low, daily closes to Oct 20, 2026",
   "value": "$24.42 on Mar 30, 2026",
   "as_of": "2026-03-30",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 24.4159,
   "window": {
    "from": "2026-03-25",
    "to": "2026-10-20"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 20, 2026, within that range",
   "value": "$26.86, 54% of the way from the low to the high",
   "as_of": "2026-10-20",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 26.8635
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "42",
   "as_of": "2026-10-20",
   "source": null
  },
  {
   "key": "top10",
   "label": "Top ten weight",
   "value": "30.8%",
   "as_of": "2026-10-20",
   "source": null
  }
 ],
 "flows": {
  "as_of": "2026-07-31",
  "coverage": "monthly",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/mcvt.json",
  "windows": [],
  "latest_month": {
   "month": "2026-07",
   "net_flow_usd": 706108,
   "net_flow": "+$706k",
   "source": "SEC Form N-PORT"
  }
 },
 "generated": "2026-10-21",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, MCVT, bond fund, data as of Oct 20, 2026. https://etfiq.com/funds/mcvt"
}